For Sale
$1,600,000

116 Park Ave Herrin, IL 62948

Prime Commercial Land w/ Income

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity in Herrin, IL, presents a well-maintained building on a corner lot with high visibility from Route 148. The property includes three established commercial units, each with private entrances and updated spaces designed for optimal functionality. The largest commercial unit features a convenient drive-thru. Upstairs, there are four residential apartments: three two-bedroom, one-bathroom units, each with in-unit laundry, and one spacious, industrial-designed two-bedroom, one-bathroom unit, also with in-unit laundry. All residential units are currently occupied, providing immediate rental income. A dry basement offers ample storage. This property offers a blend of commercial and residential income streams, making it an attractive investment. The asking price is $1,600,000. The property is located at 116 N PARK Avenue, Herrin, IL 62948 and is commercially zoned. This is a rare opportunity to acquire a property with established tenants and multiple income streams in a desirable location. The property's prime location and diverse income potential make it a strong investment for the future.

Highlights

  • $1,600,000 asking price.
  • Commercial land located at 116 N Park Avenue, Herrin, IL 62948.
  • Three established commercial businesses with private entrances and updated spaces; one with a drive-thru.
  • High visibility corner lot on Route 148.
  • Four residential apartments (three 2-bed/1-bath, one 2-bed/1-bath industrial-style), all occupied with in-unit laundry.
  • Dry basement for storage.

Property Details for 116 Park Ave

Property type
Land

Location Insight

City
Herrin
County
Williamson
State
Illinois
Latitude
37.8040734
Longitude
-89.0272172

FAQs

What type of property is this?
Land - Prime Commercial Land w/ Income
Where is the land located?
The property is located at 116 Park Ave Herrin, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: $1,600,000 asking price.; Commercial land located at 116 N Park Avenue, Herrin, IL 62948.; Three established commercial businesses with private entrances and updated spaces; one with a drive-thru.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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116 Park Ave
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